News
Home > International trade > News > New ICC Standards Help Define Trusted Traders

New ICC Standards Help Define Trusted Traders

Release Date

26 June 2013

The International Chamber of Commerce (ICC) has published a collection of standards to help border authorities determine a standardised definition of a diligent trader.

With a widely-accepted premise that low-risk traders should receive benefits for their investment in security and compliance, a variety of “trusted trader programs”, commonly referred to as Authorised Economic Operator (AEO) programs have been implemented worldwide.

Addressing the need for a harmonised understanding of what criteria should be used to objectively judge whether a company meets the definition of trusted trader the ICC paper offers a set of 59 baseline best practices of safe and secure conduct for cross-border traders in goods for use by traders when designing and managing AEO programs and by governments when assessing risks represented by operators.

Trade is better facilitated when traders represent a low risk to security by complying with national laws and regulations, and border authorities are more likely to reduce barriers to trade when they are confident that traders have implemented strong security, trade compliance processes and internal controls. Developed by the ICC Commission on Customs and Trade Facilitation, the ICC Guidelines for Cross-Border Traders in Goods apply on a voluntary basis and are not binding.

The guidelines cover the essentials of trader behaviour and will be regularly updated to include relevant developments and to broaden the scope accordingly.

With the help of this new set of guidelines, both traders and border authorities will have a clearer idea of who can be considered “trusted traders” and accord them the various benefits from AEO programs.

By being able to identify compliant traders, authorities will not only be able to avoid risks but will also be better able to facilitate the smoother flow of goods across borders.

The ICC guidelines are intended to contribute to the greater prosperity, economic growth and international security in line with ICC’s overall mission to promote international trade and investment.

The new guidelines have been developed to complement ICC’s Customs Guidelines – a comprehensive set of practices that ICC has established should characterize all modern customs administrations.

For more information on how the new guidelines can help your business, contact us on 1800 505 529 or via email.




Contact Us

Call Us on 1800 505 529
Submit Enquiry